An investor group led by Champlain Financial Corp. acquired Canadian footwear brand La Canadienne.
Financial terms of the deal were not disclosed.
The consortium of investors include Penny Shuster and other founders of the women's winter footwear brand.
The private equity firm is focused on Canadian small and mid-market investment opportunities.
Champlain was advised by BCF, Fasken Martineau DuMoulin LLP and KPMG.